Binance Warns Users of Fake SMS Scam Targeting Accounts

The exchange cautions that fraudsters are impersonating Binance via SMS, urging users to call fake support lines or click malicious links.

Summary

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Terms & Concepts
  • Phishing: A fraudulent attempt to obtain sensitive information by disguising as a trustworthy entity, often through emails, SMS, or fake websites.
  • Scam SMS: Text messages sent by fraudsters designed to mislead recipients into revealing personal or financial information.
  • Account Security: Measures taken by platforms or users to protect digital accounts from unauthorized access, fraud, or exploitation.